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Jan 12, 2013
01/13
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we're gonna raise it most likely, the debt ceiling. we'll probably see a lot of discussion from the rating agencies with our ability to pay on that. and as a result of it, and what it comes back to our wallet, is that is also going to be inflationary because of our credit rating drops, that means we're going to have to go out and actually pay more money on the interest because there is going to be greater risk on our bonds, which means there will be less money in the economy and we'll see a ripple effect. bottom line, hyper inflation maybe, but definitely rising prices, less money in our pockets. >> okay. i think we're trying to -- starting to get it back to where i wanted to get with you, which is talk more about what this is going to mean for the average person at home and when we talk about credit ratings and credit histories, we all have our own credit ratings that we have to worry about that we try to maintain a good credit history and a good standing with potential lenders out there. so what does it mean, if i pay all of my bills
we're gonna raise it most likely, the debt ceiling. we'll probably see a lot of discussion from the rating agencies with our ability to pay on that. and as a result of it, and what it comes back to our wallet, is that is also going to be inflationary because of our credit rating drops, that means we're going to have to go out and actually pay more money on the interest because there is going to be greater risk on our bonds, which means there will be less money in the economy and we'll see a...
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Jan 23, 2013
01/13
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CSPAN
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chairman, i believe the congress needs to raise the debt ceiling. i believe the best way to achieve these goals is three long term balanced approach. it is not clear to me that this bill is liable to achieve these goals. unlike my chairman, i have not had enough time to look at this. we just got it this morning. as you know, we just received it yesterday. that raises constitutional questions. i think it deserves a serious look. as he continued the provisions, i hope you will grant an open rule so we can see if these improvements need to be made. house administration is responsible for members and a -- pay. we know the 27th amendment -- i am not a constitutional lawyer of any kind. i apologize for that. the members compensation, you may need to adjust that. it is unclear on what pay is withheld, benefits and a host of other considerations. as we continue to review the bill, we need to improve the legislation. the only way you can publish that is by adopting an open rule. i encourage this committee to adopt one. thank you for your time. >> thank you,
chairman, i believe the congress needs to raise the debt ceiling. i believe the best way to achieve these goals is three long term balanced approach. it is not clear to me that this bill is liable to achieve these goals. unlike my chairman, i have not had enough time to look at this. we just got it this morning. as you know, we just received it yesterday. that raises constitutional questions. i think it deserves a serious look. as he continued the provisions, i hope you will grant an open rule...
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Jan 21, 2013
01/13
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KNTV
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let us raise the debt ceiling. no strings attached. and if the president can raise it as he should be able to and if congress wants to reject it 2/3. the mcconnell proposal is a good republican proposal. i hope you support it. that's the way to go. >> a bill that says regardless of what happens with the debt ceiling, the united states will never default on the debt, would you support that or not? >> i support the concept. i'd have to look at the bill. the best way to do that is the mcconnell act. >> we may have just made news. >>> last week, general colin powell was here worried about a dark vein of intolerance in republican quarters. you are part of a stream of new faces in the republican party, minority faces and voices in the party that seem to stand against that. how did you respond to it? >> well, i saw that interview. i respect general powell a great deal. i was disappointed with those comments. i think he was buying into some of the partisan attacks. if you look at this last election, for example, i think the most racially divis
let us raise the debt ceiling. no strings attached. and if the president can raise it as he should be able to and if congress wants to reject it 2/3. the mcconnell proposal is a good republican proposal. i hope you support it. that's the way to go. >> a bill that says regardless of what happens with the debt ceiling, the united states will never default on the debt, would you support that or not? >> i support the concept. i'd have to look at the bill. the best way to do that is the...
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Jan 14, 2013
01/13
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FOXNEWSW
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the debt ceiling doesn't get raised by itself. it has to be done. so they understand, it's not a popular step, as the president's own vote against it shows. they are trying to detract spending cuts as a price for that. the president accuses them of leading the blame for the blind and leaving chirp in the cold. this is a partisan brawl. >> he said they're suspicious of medicare and -- >> programs to make sure chirp have enough to eat. that is a remarkably harsh charge. >> quickly on the gun issue. by the tone with those answers, did you sense that there is a scaled back version of what we think we'd see? >> gun control proven in recent times to be remarkably dangerous issue for democrats. repeatedly gotten them political trouble. the passion and devotion of people who care about this will come and vote against you. even if you're wrong on that and right on everything else. real intensity. what happens in these things is there is some event with support in people and larm majority of the public for major new gun control but it tends to dissipate over
the debt ceiling doesn't get raised by itself. it has to be done. so they understand, it's not a popular step, as the president's own vote against it shows. they are trying to detract spending cuts as a price for that. the president accuses them of leading the blame for the blind and leaving chirp in the cold. this is a partisan brawl. >> he said they're suspicious of medicare and -- >> programs to make sure chirp have enough to eat. that is a remarkably harsh charge. >>...
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Oct 15, 2013
10/13
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CNN
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debt ceiling until february 7th. can congress learn how to play nice? we'll see, on the left, deborah wasserman schultz, on the right, and suzie orman has more on the finances. >> your actions are bringing down the greatest country in the world. and it is on your shoulder. >> tough words from suze orman. and more on the number one movie, "gravity". >>> and well, he wanted to turn the anniversary of sandy hook, into, i'm quoting, "gun saves lives day." and on let's make a deal in washington, chief correspondent, dana bash, the world's hardest working woman right now. dana, are we nearly there? >> we're getting closer, but i'm definitely not going to predict we're there, because we've seen these things die several deaths before they come back to life. but piers, all day long we were hearing from democratic and republican sources that the republican leader, the democratic leader, i watched them go back and forth to each other's offices and they do appear to have a framework of a deal. what is it? it is effectively to fu
debt ceiling until february 7th. can congress learn how to play nice? we'll see, on the left, deborah wasserman schultz, on the right, and suzie orman has more on the finances. >> your actions are bringing down the greatest country in the world. and it is on your shoulder. >> tough words from suze orman. and more on the number one movie, "gravity". >>> and well, he wanted to turn the anniversary of sandy hook, into, i'm quoting, "gun saves lives day."...
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Jan 18, 2013
01/13
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CURRENT
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ceiling. >> we've always raised the debt ceiling. we should pay our bills as the president said, we're not a dead-bet country. i'm glad they finally saw the light. we need to pay our bills and move forward. there is a stronghold of 75 republican tea party members who quite frankly do listen to the tea party in many ways, and hopefully this is a signal that they too need to understand that this should not be an issue. it should not be held honestly. hostage. we should raise the debt ceiling. that's an automatic. we should move forward and talk about how we create jobs. by creating jobs we reduce the deficit. >> jennifer: i'm take taking it as an encouraging sign that the tea party can be moved by public voices. if they can be moved on the debt ceiling of all things, maybe they could be moved on guns. you wrote in the "huffington post," advocating reducing defense spending so you can spend more money and invest in the united states. the question is in the negotiations in congress over the spending do you see that happening? >> we've go
ceiling. >> we've always raised the debt ceiling. we should pay our bills as the president said, we're not a dead-bet country. i'm glad they finally saw the light. we need to pay our bills and move forward. there is a stronghold of 75 republican tea party members who quite frankly do listen to the tea party in many ways, and hopefully this is a signal that they too need to understand that this should not be an issue. it should not be held honestly. hostage. we should raise the debt...
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ceiling raised or not . why is this getting any traction i'm sorry that's sounds crazy to me. because the whole debt ceiling debate is crazy basically you know you have the government's balance sheet which has liabilities that are either in bonds or more and some other form and what we're saying in terms of the debt ceiling is that when the government issues liabilities in this particular form that is bonds that circulate in the public we don't like that and therefore we're going to hold that constant what the platinum coin does is it shows that this is just a you know it's a it's a false narrative it's sort of an artificial constraint in order to keep government from spending too much money but isn't that constrained i mean if you're going to have one person that agrees with you as a former fed official an economist joseph gagnon i've actually interviewed him before he was quoted in washington post saying i like it there is nothing that's obviously economically problematic about it talking about this trilli
ceiling raised or not . why is this getting any traction i'm sorry that's sounds crazy to me. because the whole debt ceiling debate is crazy basically you know you have the government's balance sheet which has liabilities that are either in bonds or more and some other form and what we're saying in terms of the debt ceiling is that when the government issues liabilities in this particular form that is bonds that circulate in the public we don't like that and therefore we're going to hold that...
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Oct 9, 2013
10/13
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ALJAZAM
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debt ceiling. but he may have provide aid small opening to get ideal done. new focus on safety standards in bangladesh after a fire kills 10 people at a crowded garment factory. and just weeks after swimming from cuba to florida, diana identify ahead takenyadtakes ong challenge to benefits the victims of hurricane sandy. ♪ ♪ >> welcome to al jazerra america, i am stephanie sy. it is considered one of the most influential jobs in the world. on wednesday, president obama is expecting to no, ma'am made januarjanet yellen to prelace bn bernanke as head of the federal reserve. yellen is taking over at a pivotal time for the economy mad the banking industry. kimberly reports. >> reporter: running the central banking system in the united states is one of the most powerful jobs in the world. and the person in charge can directly affect the wallets of every american and the global economy. >> good afternoon. >> reporter: the fed chief is, s the chair is sometimes called sets the price of borrowing money
debt ceiling. but he may have provide aid small opening to get ideal done. new focus on safety standards in bangladesh after a fire kills 10 people at a crowded garment factory. and just weeks after swimming from cuba to florida, diana identify ahead takenyadtakes ong challenge to benefits the victims of hurricane sandy. ♪ ♪ >> welcome to al jazerra america, i am stephanie sy. it is considered one of the most influential jobs in the world. on wednesday, president obama is expecting to...
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Jan 16, 2013
01/13
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MSNBCW
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susan collins believes the debt ceiling must be raised. we have seen how the debt ceiling can be raised without a battle. the first read today, this is an interesting development that perhaps will expedite this debt ceiling battle. >> we have a lot more twists and turns to come in the battle. one of the best predictors of whether one side will win or lose and how unify and united that side is. we are seeing fizzures among republicans and conservative writers as well as gop interest groups who are saying we shouldn't pick a fight when it comes to the debt ceiling. maybe it's better to pick a fight over shutting the government down rather than risking the default of the government when it comes to raising the debt ceiling. this is a significant development. it shows a lot of people thought we were looking ahead to the debt ceiling and the republicans had a lot more leverage. that can call it into question. >> that are sounds like the president describes. i use the word lurching to the next crisis ahead. it was the fiscal cliff and then it wa
susan collins believes the debt ceiling must be raised. we have seen how the debt ceiling can be raised without a battle. the first read today, this is an interesting development that perhaps will expedite this debt ceiling battle. >> we have a lot more twists and turns to come in the battle. one of the best predictors of whether one side will win or lose and how unify and united that side is. we are seeing fizzures among republicans and conservative writers as well as gop interest groups...
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Jan 5, 2013
01/13
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MSNBCW
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and then say you don't want to raise the debt ceiling. you can't make those match. >> what's going on? you make a very good point. what's the ideology behind those folks? >> well, it is ideology, but also just -- essentially extortion. what they are trying to do, and been trying to do this, use the debt ceiling or basically black mail leverage they have to strip the social safety net in the country, to privatize social security, privatize medicaid, medica medicare. ith not about fiscal sanity. we can reach fiscal sanity. we have been working very well toward that. but this is all about ideology and philosophy. >> you called speaker boehner courageous for sending the fiscal cliff bill to the floor. you know speaker boehner saw republican defections in the speaker vote this week, he has favored heavy criticism from tea partiers and others. do you suspect similar courage from boehner in the weeks ahead? >> i think he wants to be krajuous. it's really horrible when an example of bipartisanship causes such consternation in one party. boehner w
and then say you don't want to raise the debt ceiling. you can't make those match. >> what's going on? you make a very good point. what's the ideology behind those folks? >> well, it is ideology, but also just -- essentially extortion. what they are trying to do, and been trying to do this, use the debt ceiling or basically black mail leverage they have to strip the social safety net in the country, to privatize social security, privatize medicaid, medica medicare. ith not about...
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Oct 3, 2013
10/13
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WMPT
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it goes back and cites what happened in 2011 when congress flirted with not raising the debt ceiling. what did it say some of the consequences might be? >> so barring costs in some case -- borrowing costs in some cases rose. consumer confidence and business confidence plunged. the stock market took a hit which is obviously bad for businesses. it's also bad because it reduces household wet so you have that kind of weflt wrefkt people felt like they were poorer, they spent less and there's some evidence that it slowed the recovery down and the higher borrowing costs ended up costing the country billions of dollars even though they didn't actually get into an actual cash crunch situation. >> woodruff: so the people you talk to, annie lowry, the treasury paint this is dire picture saying that what could happen would be something even worse than what happened in 2008 with the financial collapse and recession. the people you talk to take that seriously. >> yeah, absolutely. so even just getting close to the limit would probably send waves of panic through the market. gettinging up to the li
it goes back and cites what happened in 2011 when congress flirted with not raising the debt ceiling. what did it say some of the consequences might be? >> so barring costs in some case -- borrowing costs in some cases rose. consumer confidence and business confidence plunged. the stock market took a hit which is obviously bad for businesses. it's also bad because it reduces household wet so you have that kind of weflt wrefkt people felt like they were poorer, they spent less and there's...
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Jan 14, 2013
01/13
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FOXNEWSW
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put the responsibility on me to raise the debt ceiling. >> four top democrats that he should take it. sending a letter to the president. you have to take lawful steps to make sure the america doesn't trigger a global crisis. that is different story from seven years ago when the same four, each of them, voted against raising the debt limit. byron york has hit his limit. i think that is called hypocrisy which seems to be our theme but what do you make of it? >> that is one word you are hearing a lot. not only did they vote against it. harry reid, dick durbin, charles schumer and patty murray plus their fellow senators barack obama and joe boel in 2006 voted against increasing the debt limit. what senator obama said, it was very serious argument about how borrowing was killing america. the money spent on interested was taking money away that that could be spent on infrastructure disaster relief. the money we borrowed from foreign countries was making us vulnerable to the whims of foreign leaders whose prerogatives is not the same as ours. borrowing weakenings us and i will not vote to in
put the responsibility on me to raise the debt ceiling. >> four top democrats that he should take it. sending a letter to the president. you have to take lawful steps to make sure the america doesn't trigger a global crisis. that is different story from seven years ago when the same four, each of them, voted against raising the debt limit. byron york has hit his limit. i think that is called hypocrisy which seems to be our theme but what do you make of it? >> that is one word you...
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Jan 14, 2013
01/13
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raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up, and we need to pay them. so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they've already racked up. if congressional republicans refuse to pay america's bills on time, social security checks and veterans benefits will be delayed. we might not be able to pay our troops or honor our contracts with small business owners, food inspectors, air traffic controllers, specialists who track down loose nuclear materials wouldn't get their paychecks. investors around the world will ask if the united states of america is, in fact, a safe bet. markets could go haywire, interest rates would spike for anybody who borrows money, every homeowner with a mortgage, every student with a college loan, every small business owner
raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up, and we need to pay them. so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they've already racked up. if congressional republicans refuse to pay america's...
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Oct 9, 2013
10/13
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ALJAZAM
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this is they're latest plan to re-open the government and raise the debt ceiling. is it a workable solution or a political ploy? >> we've heard this before. it's happened many times before, and these committees usually fail to come up with an agreement. i could envision a scenario. in fact, it's the most likely scenario right around the 17th both boehner and obama say, all right, we'll raise the debt ceiling and end the shutdown at least for a while in exchange for some committee that will look at options. maybe it will last for a couple of months. that means the cloud continues to persist. we could get into mid-december and have another crisis if this committee doesn't come up with anything meaningful. >> and they are watching overseas as well. how is the shutdown affecting global investors with interests here in the u.s.? >> for now it's not enormous, although the backup in yields on short-term bills yesterday was troubling. i would say for investors around the world there are two concerns. we've talked about default. i think default maybe is a 20% chance. it's n
this is they're latest plan to re-open the government and raise the debt ceiling. is it a workable solution or a political ploy? >> we've heard this before. it's happened many times before, and these committees usually fail to come up with an agreement. i could envision a scenario. in fact, it's the most likely scenario right around the 17th both boehner and obama say, all right, we'll raise the debt ceiling and end the shutdown at least for a while in exchange for some committee that...
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Jan 16, 2013
01/13
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FBC
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the debt ceiling. jerry nadler, member of congress. what has changed. why were you against, in favor of keeping debt ceiling restraint then and not so now. >> it because it was meaningless gesture frankly. when you had a republican president and republican congress minority demagogued and said we'll vote against it knowing perfectly well it would pass. no one ever seriously tried to have it not pass. and when ever, we were in the majority, we, democrats we passed it, even in the bush administration. because you knew it had to pass. now i don't, i'm not trying to make any excuses for, for political demagoguery in the past but the fact is, the fact is what is knew that republicans seem serious about not raising the debt ceiling and that can throw the economy into real depression. david: what is new the degree of spending in this country we haven't really had before. >> that is not true. david: hold on a second. you hear a lot of people talk about numbers in the future. the president says i'm for reducing
the debt ceiling. jerry nadler, member of congress. what has changed. why were you against, in favor of keeping debt ceiling restraint then and not so now. >> it because it was meaningless gesture frankly. when you had a republican president and republican congress minority demagogued and said we'll vote against it knowing perfectly well it would pass. no one ever seriously tried to have it not pass. and when ever, we were in the majority, we, democrats we passed it, even in the bush...
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Jan 2, 2013
01/13
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FOXNEWSW
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they may be unable to pay the bills if the debt ceiling is not raised. that debt default will no doubt send the u.s. economy back into could have more deleterious effect than falling off the fiscal cliff couwould h. >> tim geithner put in measures to avoid that. >> at the end of the month we are talking about these issues all over again. >> lauren simonetti fox business network. thank you. >> 15 after the hour. still to come the temperatures are plummeting and that means your risk of certain health problems rises. what you need to watch out for during the winter to avoid a trip to the doctor's office. several nurses fired for refusing flu shots. wait until you hear this story. >> was we go to break a look at the gas prices. national average 3.29 cents an ounce -- announce. $3.29. that is unchanged from yesterday. >> it is 19 minutes after the hour. here are quick headlines. it may be another reason to cut back on sugar. it can cause you to over eat. a new study finds when people eat fructose sugar it turns off part of the brain that tells you when you ar
they may be unable to pay the bills if the debt ceiling is not raised. that debt default will no doubt send the u.s. economy back into could have more deleterious effect than falling off the fiscal cliff couwould h. >> tim geithner put in measures to avoid that. >> at the end of the month we are talking about these issues all over again. >> lauren simonetti fox business network. thank you. >> 15 after the hour. still to come the temperatures are plummeting and that means...
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Oct 10, 2013
10/13
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MSNBC
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increasing, it is not necessary to raise the debt ceiling. but only if the debt is not increasing. that's why we didn't have to raise the debt ceiling from 1997 to 2002. we have period like that. this isn't one of them. joining me now ezra klein and richard wolf. ezra, you "washington post" guys are very, very, very wealthy. i understand that. so i know. >> incredible. >> you are all fearing what the debt ceiling is going to do to your personal wealth. because even wizard of high finance like you cannot figure out a way to protect all of your wealth from what will happen if they don't raise the debt ceiling, right? >> that's why i bought a skrooge mcduck -- >> if you can't figure a we to hide from the impact of the crash that will happen itch the debt ceiling isn't raised, the koch brothers can't figure out a way either. they have too much money out there in the world. for me, my hope resides in the koch brothers. the koch brothers are going to say to these guys, do you have any idea how many billions we could lose next week if you clowns kee
increasing, it is not necessary to raise the debt ceiling. but only if the debt is not increasing. that's why we didn't have to raise the debt ceiling from 1997 to 2002. we have period like that. this isn't one of them. joining me now ezra klein and richard wolf. ezra, you "washington post" guys are very, very, very wealthy. i understand that. so i know. >> incredible. >> you are all fearing what the debt ceiling is going to do to your personal wealth. because even wizard...
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Jan 2, 2013
01/13
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WTTG
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the debt ceiling. >> the problem is, we set up three more fiscal cliffs.cli we have to look pack at thist night and -- back at this nighti and regret it. >> it's a bee trial by the speaker. >> reporter: there's outrage that gop leadership didn'tsh follow through on a scheduled vote for sandy relief.re some lawmakers think the bill il too expensive, and packed withw unrelated spending.g. members from affected states are incensed. >> they haven't even told usus why. they snook off into the dark of night. >> it is inexcusable. >> reporter: the speaker says he ise committed to addressing sany relief this month, but that means the new congress that convenes tomorrow will have to start from scratch, busbu legislation does not -- because legislation does not carry over. >>> as the fiscal cliff has been averted, the wait to the last minute has many skeptics, anda renewed discussion aboutdisc civility in congress.ng joining us is the managingma editor of the hill newspaper. you got john boehner here trying to corral the cass on the house floor, he seems to be the moderate, and if there's any
the debt ceiling. >> the problem is, we set up three more fiscal cliffs.cli we have to look pack at thist night and -- back at this nighti and regret it. >> it's a bee trial by the speaker. >> reporter: there's outrage that gop leadership didn'tsh follow through on a scheduled vote for sandy relief.re some lawmakers think the bill il too expensive, and packed withw unrelated spending.g. members from affected states are incensed. >> they haven't even told usus why. they...
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146
Oct 15, 2013
10/13
by
CNN
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the debt -- raising the debt ceiling and default are two different issues. we've got enough money coming in to service our debt, the principal and interest. we've got more than enough to service that. what i'm saying is this is a time to address this and if we take this head-on, my feeling is our creditors will be thankful that we're finally saying you know what, instead of kicking the can down the road, instead of having this debate, instead of raising our debt limit to $23 trillion is what it's predicted in the next four years, let's deal with this now, let's get it under control and that would bring stability so that we don't go through this every year or every year and a half. let's put an end to it. let's get the regular order, regular appropriations, let's get back to a budget. those are the things that the american people want and i say this is the time, because not to do it now, you are going to have to do it at the first of the year or six months from now or a year. the american people are tired of that. it's time that we address this problem head-o
the debt -- raising the debt ceiling and default are two different issues. we've got enough money coming in to service our debt, the principal and interest. we've got more than enough to service that. what i'm saying is this is a time to address this and if we take this head-on, my feeling is our creditors will be thankful that we're finally saying you know what, instead of kicking the can down the road, instead of having this debate, instead of raising our debt limit to $23 trillion is what...
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Oct 8, 2013
10/13
by
WJLA
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eye 76
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the debt ceiling. they say if the government can't borrow money there would be catastrophic consequences to the market. raise the debt ceiling next week so the treasury can pay the bills that congress has already spent. >> reporter: a new abc newsle with "washington post" poll found 70% of americans disapprove of the way congressional republicans are handling the budget talks. that's up from last week. the same poll found 51% of the americans disapprove of the president's actions fwhau is essentially unchanged. john, diana. >> thank you. the hardest part is now we are starting to effect everyday people. before it was federal government workers. we understand that is tough for them. these people were furloughed. a lot of people are at work not getting paid but when you take away social security benefits and medicare, medicaid, these are people who live off of this stuff. they go to the doctor because of this stuff. they eat because of this stuff and to take it away from people voting for you to put i yo
the debt ceiling. they say if the government can't borrow money there would be catastrophic consequences to the market. raise the debt ceiling next week so the treasury can pay the bills that congress has already spent. >> reporter: a new abc newsle with "washington post" poll found 70% of americans disapprove of the way congressional republicans are handling the budget talks. that's up from last week. the same poll found 51% of the americans disapprove of the president's...
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Jan 5, 2013
01/13
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CSPAN
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we are at the point where the debt ceiling need to be raised. what we did the last time this came up was replaced the budget control act and said that for any $1 increase in the debt limit, we've got to have a $1 deduction in spending, because we've got to get our fiscal house in order. that's what we are talking about as we go into the debt ceiling discussion. any agreement, we have to have real reduction so we get the deficit under control so we don't continue to increase the debt the debt reduced over time. host: our guest john hoeven is former president and ceo of the bank of north dakota and a graduate of dartmouth and went to northwestern university. on facebook -- guest: i think, again, we've got to get to the point where we are moving the legislation across the floor in a clear, open, transparent manner where it is debated, the public is aware of what is getting funded and what is not getting funded, so there is broad public support for things that have merit and they are funded. and the things that are not, in that debate back and forth
we are at the point where the debt ceiling need to be raised. what we did the last time this came up was replaced the budget control act and said that for any $1 increase in the debt limit, we've got to have a $1 deduction in spending, because we've got to get our fiscal house in order. that's what we are talking about as we go into the debt ceiling discussion. any agreement, we have to have real reduction so we get the deficit under control so we don't continue to increase the debt the debt...
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Jan 6, 2013
01/13
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KRCB
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the president says he will not negotiate a bar raising the debt ceiling. that is paying the bills we have already incurred a, not setting a new standard. he has to negotiate, but he also has the possibility, instead of just letting us rolling the dice as simply saying he's going to break it. if he does that, there will be a court case, but that will take time. >> they want to jeopardize the full faith and credit of the united states by refusing to raise the debt limit, they will pay the consequences. >> you may want to refer to an impassioned speech obama gave in 2006 against raising the debt ceiling in the senate and the explain why we were robbing the future of the country. >> all the presidents have -- >> allowing the debt ceiling to rise automatically. >> let's go back to the relief package for sandy. why did he leave that? he opened himself up to scathing criticism. >> i do not understand it. eric cantor assured them they would get a vote and it would pass the senate. it was predictable that this would blow up and he walked away from it. you would thi
the president says he will not negotiate a bar raising the debt ceiling. that is paying the bills we have already incurred a, not setting a new standard. he has to negotiate, but he also has the possibility, instead of just letting us rolling the dice as simply saying he's going to break it. if he does that, there will be a court case, but that will take time. >> they want to jeopardize the full faith and credit of the united states by refusing to raise the debt limit, they will pay the...
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ceiling and the raising the debt ceiling is already for money that they've already planned on spending in the first place so the debt ceiling and raising it isn't for future budgets or perfume legislations for things that they've already agreed upon so it's just really saying yes to the things that we want. you know when it comes to the economy i guess when it comes to pretty much everything in congress doesn't seem like they can agree on much. this congress has become a tourist for it's kind of a lack of action not only on the budget in the debt ceiling but for a lot of other important pieces of legislation they've been called the do nothing congress of course there was that funny about kind of sad poll about public policy a poll that found their approval rating is worse than cockroaches and root canals and you know i actually spoke to congresswoman eleanor holmes norton and a couple months ago when all this was kind of going on. kind of like. the crunch time of the campaign sees that and of course she's been through. several terms or she's worked there were a lot of congresses and sh
ceiling and the raising the debt ceiling is already for money that they've already planned on spending in the first place so the debt ceiling and raising it isn't for future budgets or perfume legislations for things that they've already agreed upon so it's just really saying yes to the things that we want. you know when it comes to the economy i guess when it comes to pretty much everything in congress doesn't seem like they can agree on much. this congress has become a tourist for it's kind...
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debt last august after the debt ceiling was raised amidst 11th hour suspense. it was blamed on bringmanship to use the debt creeling to get spending cuts. s&p did cite the melodrama as part of the reason but placed emphasis on the view that the debt ceiling deal fall short in what our view would be necessary to stabilize the government median term debt dynamics. translation, the debt ceiling deal didn't do enough about the debt itself. so keep this in mind when you hear it said,be with great certainty it's the republicans trying to force spending cuts over endangering the nation credit rating. as will rogers quoted once, "it isn'tbe what we don't know that gives us trouble. it's what we know that ain't so." bret? >> bret: the president has effectively turned the messaging around. by saying it's about paying the bills that congress has already passed. the laws that it's already passed. republicans are saying it's about borrowing authority. essentially running up the country's credit card. >> exactly. what the republicans are saying is look, we maxed out the cred
debt last august after the debt ceiling was raised amidst 11th hour suspense. it was blamed on bringmanship to use the debt creeling to get spending cuts. s&p did cite the melodrama as part of the reason but placed emphasis on the view that the debt ceiling deal fall short in what our view would be necessary to stabilize the government median term debt dynamics. translation, the debt ceiling deal didn't do enough about the debt itself. so keep this in mind when you hear it said,be with...